Skip to main content

This is a new service – your feedback will help us to improve it.

Posted Wed, 02 Oct 2024 09:03:40 GMT by Sid100
Hello Someone british born in Iran, lived in UK for 45 years, resident in Thailand since mid 2023. Some questions regarding bringing money from Iran to UK. Full sources of money in Iran: 1) unsold Property inherited from parents. 2) money inherited from parents and kept by a member of family in Iran. 3) money sent to Iran from UK in order to help family members who want to return it to UK account. 4) unsold property bought in Iran using income sent to Iran from work in UK Could you please advise on each above case (separately please) if tax needs to be paid (and how much) when proceeds are sent from Iran to bank account in UK. What would be the effect of the new budget on these tax payments? Please note: money sent or received from Iran is done by swap transactions using legal exchange currency agents in London. For example pound is given to an agent in London and local currency is received from agent in iran and vice versa. Thanks Sid
Posted Thu, 10 Oct 2024 09:11:48 GMT by HMRC Admin 20 Response
Hi,
This forum is for general queries only and is intended to help you self-serve.
We are unable to provide specific advice tailored to individual circumstances, we also cannot comment on future events.
Thank you.

You must be signed in to post in this forum.